Prestige Window Fashions
Bamboo Abbott, Inc. d/b/a Prestige Window Fashions (“Prestige” or the “Company”) is one of the largest independent fabricators of custom window coverings in the United States. Headquartered in Edison, New Jersey, the Company distributes its products through internet firms, independent retailers, interior designers and home decorating catalogs. The Company has a strong and diversified customer base that includes over 3,000 different distribution points and has branded sample books at over 4,000 brick and mortar retail locations. Prestige manufactures private label blinds on behalf of the Company’s various channel partners and also sells under its own brand names, including Prestige
SSG Capital Advisors, LLC was retained several months after the Company filed Chapter 11 and had to act quickly to go to market to sell Prestige as a going concern. The Company was facing a very limited sale window while surviving on cash collateral with no DIP financing facility.
Prestige was sold to Ventanas Acquisition Corporation, a private equity sponsored firm, under Section 363 of the U.S. Bankruptcy Code in the U. S. Bankruptcy Court for the District of New Jersey. SSG’s experience in expeditiously identifying alternative solutions and buyers, as well as navigating a very contentious Chapter 11, enabled all key stakeholders to maximize recoveries while preserving the jobs of the majority of Prestige’s employees.